Market News

The February Manufacturing PMI in the United States of America has registered 47.7 per cent, 0.3 percentage points higher than the 47.4 per cent recorded in January, according to the nation's supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.

The market for 3D printers will be worth approximately USD 88.61 billion by 2032 and will grow at a CAGR of 17.54 per cent between 2023 and 2032, according to a recent report by Precedence Research.

Metal additive manufacturing company Titomic has received a $260,000 purchase order from Triton Systems for the supply of components produced using Titomic’s additive manufacturing technology Titomic Kinetic Fusion (TKF). 

The euro area manufacturing purchasing managers’ index (PMI) stood at 48.5 in February, falling slightly from 48.8 in January, while the manufacturing output index nudged above the neutral mark to reach 50.1, up from 48.9 in January.

The Caixin China General Manufacturing PMI has increased to 51.6 in February 2023 from 49.2 in January, marking the first uptick in the sector since last July and the highest reading in eight months, after an abrupt shift in COVID policy. 

Australia’s manufacturing sector has seen a further expansion in February amid a moderated decrease in new orders as firms worked through their outstanding orders. 

Geelong-based advanced manufacturer Carbon Revolution Limited has released its first half results for the financial year 2023 with revenue up by 2.3 per cent to $18 million compared to the prior period, reflecting a higher average wheel price.

Defence industry company XTEK has delivered a record half-year revenue of $48.5 million as it maintained its sharp focus on core capabilities and the implementation of its strategic plan, the company said in its recent results investor update. 

The liquid ‘drinking’ milk market continues to be crucial for Australia's dairy industry due to increased domestic retail pricing and potential for additional export development, according to a recently released industry report from Rabobank.

ASX-listed DroneShield has released its 2022 annual report, with another record year of revenue up by 60 per cent to $16.9 million.